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REGISTERATION OF EXCISE, SERVICE TAX, SALES TAX Haryana VAT Proof of Export Excise registration PAN no not given 20% deducted and remit what given to FORM 16A/FORM16 regarding cvd credit taken Consingee: China, Buyer: India service tax credit eligible on commission on sales should duty paid on scrap material cleared (waste corrugated or pvc drum) Time limit for VAT Assessment - Andhra Pradesh
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Home News Commentaries / Editorials Month 5 2008 2008 (5) This
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No TDS on service tax portion - Rent paid under section 194I

May 1, 2008
 

CBDT clarified that while deducted tax at source (TDS), the amount of service tax shall not be included. In other words TDS shall be deducted on rent portion only after excluding the amount of service tax if included in the gross amount.

For an Example:

Basic Rent = Rs. 1,00,000/-

Amount of Service Tax @ 12.36% = 12360/-

Total Amount to be Paid = Rs. 1,12,260/-

Minus TDS @15% = 15000/-

(Note: - Rate of TDS may vary on case to case basis)

Net Amount to be paid = Rs. 97360/-

See:-  Circular No. 4/2008 dated 28-4-2008 - Income Tax

 
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